KUALA LUMPUR: Sunway Property, the property development arm of Sunway Bhd, has further strengthened its footprint in Selangor’s northern corridor with the acquisition of 99.6 acres of freehold land in Kuang for RM65.1 million.

The land was acquired via a Sale and Purchase Agreement (SPA) through Sunway Rawang City Sdn Bhd (SRCSB), a joint venture subsidiary of Sunway Property, from Teik Sing Realty Sdn Bhd.

Strategically located adjacent to Sunway’s existing 245-acre industrial site, which was designated in August 2023 for the development of a managed industrial park, the newly acquired tract is intended to enhance and integrate the group’s broader vision for an industrial ecosystem in the Rawang corridor.

Located in Mukim Rawang, Gombak district, the site enjoys excellent accessibility via the LATAR Expressway, and is close to key industrial hubs including the Kuang Industrial Area and Rawang Industrial Park. Its strategic position, just 35 minutes from Kuala Lumpur city centre and under an hour from Port Klang and KLIA, makes it well-suited for industrial and logistics-led developments.

Chong Sau Min, chief executive officer of Sunway Property, described the acquisition as a strategic move to scale up and enhance the company’s industrial offerings.

“The location aligns with our long-term development goals and will enable us to deliver a more robust and comprehensive industrial ecosystem in the Klang Valley.”

“Our expansion in the industrial space is timely to capitalise on opportunities driven by evolving market demand from manufacturers, e-commerce players, and logistics providers. It also reflects our commitment to shaping future-ready communities anchored by innovation and sustainability,” he said in a statement.

The combined landbank is set to significantly expand the scope of the planned development, with the gross development value (GDV) of the project expected to increase by at least RM700 million.

The enlarged masterplan will feature a comprehensive mix of factories, warehouses, and commercial components, underpinned by smart infrastructure and sustainable design principles. The project aims to complement the region’s existing industrial development landscape while introducing enhanced functionality and environmental integration.

With a total landbank of 2,230 acres and a potential GDV exceeding RM68.9 billion, Sunway Property remains firmly positioned for long-term, multi-segment growth anchored in innovation, sustainability, and integrated community building.